0727 GMT - The Philippines' February CPI supports case for the country's central bank to maintain its easing cycle, HSBC Global Research's Aris Dacanay says in an email. With inflation hovering within lower end of central bank's target band, there's scope for domestic economy to absorb any FX-induced inflation if the policy-rate differential between the Philippines and the U.S. were to narrow, the economist for Asean says. HSBC's base case is for the Philippine central bank to resume its easing cycle in June. However, with inflation surprising to downside, risks are tilted towards the central bank resuming its easing cycle even earlier at its next meeting in April, the economist adds. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 05, 2025 02:27 ET (07:27 GMT)
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